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01/01/2023 Company borrowed 900,000 from bank at a 8% interest rate annually. Payment of all principal and interest is due on 01/01/2024. Journalize the initial

01/01/2023 Company borrowed 900,000 from bank at a 8% interest rate annually. Payment of all principal and interest is due on 01/01/2024. Journalize the initial loan. Accrual at the end of the year and full payment 01/01/2024

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